BYD is already the world’s largest EV maker, but the company’s CEO is confident it will become the world’s leading global automaker within the next five years.
Can BYD become the world’s largest automaker?
After it stopped making cars powered solely by internal combustion engines (ICE) in 2022 to focus on battery electric (EV) and plug-in hybrid (PHEV) vehicles, BYD’s big bet has paid off so far.
With over 4.6 million new energy vehicles (NEVs) sold last year, which includes EVs and PHEVs, BYD surpassed Ford for the first time, ranking as the sixth largest global automaker.
According to BYD’s CEO, Wang Chuanfu, the Chinese EV giant is just getting started with new battery and charging tech set to drive growth over the next few years.
